CEO says ThyssenKrupp committed to Ala. Steel Mill

MOBILE, Ala. (AP) -- The chief executive of ThyssenKrupp AG saysthe company remains committed to success at its new carbon steelmill in Alabama, though the future is less certain for 550 workersemployed by the mill's stainless steel operations.

CEO Heinrich Hiesinger told shareholders at the company's annualmeeting Friday that ThyssenKrupp should "successfully complete thecommercial ramp-up" of plants in the U.S. and Brazil despiterecent financial losses in its Steel Americas division.

The Press-Register reports (http://bit.ly/wcFg1t ) the remarksappear to refute a German magazine report that ThyssenKrupp mightsell its carbon steel operations, which employ 1,600 Alabamaworkers.

The $5 billion mill in Calvert makes both carbon and stainlesssteel. Hiesinger says the company is still considering a possiblesale of its stainless steel business.

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